‘I’m remodeling a place I plan to sell, but I’m worried that the housing market might go bust before I finish. Should I sell it as is?’

Aside from getting info about whether selling prices have been trending up or down, you’ll want to ask local agents whether the inventory of unsold homes increasing, the number of weeks listings spend on the market before selling is on the rise and whether sellers are having to make price cuts and other concessions to sell.

Maybe your research will find that your area is doing just fine. But given recent trends and the fact that interest rates have crept up substantially over the past year - which makes homes less affordable and, therefore, a harder sell - I think that your instinct to sell your rental sooner rather than later is right on. Procrastinating may simply mean getting a lower price.

That said, you don’t want to rush it to market before the renovation is complete. If potential buyers see a property that looks like a construction site, two things may happen….

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